Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Talmar Bancorp, Inc. May Not Be In the Best Interests of Its Investors

Jan 26, 2016, 13:22 ET from Wolf Popper LLP

NEW YORK, Jan. 26, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Talmar Bancorp, Inc. (NASDAQ: TLMR), concerning the proposed acquisition of Talmar by Chemical Financial Corp. Talmar shareholders seeking more information about this acquisition can contact Carl L. Stine at (212) 759-4600 or cstine@wolfpopper.com.

The investigation concerns whether Talmar's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, Talmar's shareholders will receive $15.64 per share in cash and stock for each Talmar share they own. However, the offer price is below: (1) the 52-week high of $18.48 per share, (2) the 52-week average of $16.26 per share, and (3) the median analyst price target of $20.30 per share. Significantly, the offer price has a negative premium of 2.3% from yesterday's closing price of $16.00 per share. 

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP 845 Third Avenue New York, New York 10022 Telephone: 212-759-4600 Toll Free Tel: 877-370-7703 Toll Free Fax: 877-370-7704 Email: cstine@wolfpopper.com

 

SOURCE Wolf Popper LLP



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